Dynamic Technology Lab Private Ltd purchased a new position in shares of Corelogic Inc (NYSE:CLGX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,822 shares of the business services provider’s stock, valued at approximately $769,000.

Several other hedge funds also recently added to or reduced their stakes in CLGX. DekaBank Deutsche Girozentrale raised its position in shares of Corelogic by 33.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 51,100 shares of the business services provider’s stock worth $2,295,000 after buying an additional 12,800 shares in the last quarter. Swiss National Bank raised its holdings in shares of Corelogic by 0.7% in the 1st quarter. Swiss National Bank now owns 143,300 shares of the business services provider’s stock worth $6,481,000 after purchasing an additional 1,000 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Corelogic by 8.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 473,474 shares of the business services provider’s stock worth $21,416,000 after purchasing an additional 35,758 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Corelogic by 2.3% in the 1st quarter. BlackRock Inc. now owns 7,133,818 shares of the business services provider’s stock worth $322,663,000 after purchasing an additional 158,953 shares in the last quarter. Finally, Hosking Partners LLP raised its holdings in shares of Corelogic by 4.3% in the 1st quarter. Hosking Partners LLP now owns 518,484 shares of the business services provider’s stock worth $23,451,000 after purchasing an additional 21,560 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.

In other news, Director Paul F. Folino sold 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $49.28, for a total transaction of $167,552.00. Following the sale, the director now owns 11,002 shares in the company, valued at $542,178.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Lee Widener sold 625 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $48.19, for a total transaction of $30,118.75. Following the sale, the director now owns 9,319 shares in the company, valued at approximately $449,082.61. The disclosure for this sale can be found here. Insiders have sold 31,975 shares of company stock worth $1,586,247 in the last 90 days. 1.20% of the stock is owned by company insiders.

NYSE CLGX opened at $50.83 on Thursday. Corelogic Inc has a 12 month low of $42.00 and a 12 month high of $55.79. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $4.08 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 1.88 and a beta of 0.61.

Corelogic (NYSE:CLGX) last released its quarterly earnings results on Wednesday, July 25th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.20. Corelogic had a net margin of 9.74% and a return on equity of 20.14%. The business had revenue of $488.40 million for the quarter, compared to analyst estimates of $476.74 million. During the same quarter in the previous year, the business earned $0.72 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. research analysts expect that Corelogic Inc will post 2.43 EPS for the current fiscal year.

CLGX has been the topic of a number of research reports. Wells Fargo & Co boosted their target price on shares of Corelogic from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Monday, June 25th. Wolfe Research initiated coverage on shares of Corelogic in a report on Tuesday, July 17th. They issued an “outperform” rating on the stock. ValuEngine downgraded shares of Corelogic from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Piper Jaffray Companies dropped their target price on shares of Corelogic from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Friday, July 27th. Finally, Zacks Investment Research upgraded shares of Corelogic from a “hold” rating to a “strong-buy” rating and set a $58.00 target price on the stock in a report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Corelogic presently has a consensus rating of “Hold” and an average price target of $50.11.

About Corelogic

CoreLogic, Inc provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company's Property Intelligence segment owns or licenses loan information, property sales and characteristic information, property risk and replacement cost, natural hazard data, geospatial data, parcel maps, and mortgage-backed securities information.

Further Reading: Understanding Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for Corelogic (NYSE:CLGX)

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